Adecoagro S.A. (NYSE:AGRO) Stock Has Average Target Price of $11.62 According to Analysts

Adecoagro S.A. (NYSE:AGRO) has received an average rating of “Reduce” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.62.

Several research firms have recently commented on AGRO. Weiss Ratings lowered Adecoagro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 14th. Santander began coverage on shares of Adecoagro in a research report on Monday, September 14th. They set a “neutral” rating for the company. UBS Group lowered their price target on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a report on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price objective on Adecoagro from $7.00 to $10.50 and gave the stock an “underweight” rating in a report on Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Adecoagro in the 2nd quarter valued at $1,990,000. Amundi boosted its stake in shares of Adecoagro by 718.5% during the 2nd quarter. Amundi now owns 782,432 shares of the company’s stock worth $7,472,000 after acquiring an additional 686,835 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Adecoagro in the second quarter valued at $438,000. PenderFund Capital Management Ltd. acquired a new stake in Adecoagro in the 2nd quarter valued at about $2,388,000. Finally, PDT Partners LLC purchased a new position in shares of Adecoagro during the 2nd quarter worth approximately $2,465,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Stock Down 0.5%

Shares of NYSE AGRO opened at $10.02 on Friday. Adecoagro has a 1 year low of $6.89 and a 1 year high of $15.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89. The company has a market capitalization of $1.43 billion, a P/E ratio of 30.35 and a beta of -0.01. The company has a 50 day simple moving average of $10.67 and a 200-day simple moving average of $11.70.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Saturday, August 8th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). The business had revenue of $538.50 million for the quarter, compared to analysts’ expectations of $602.01 million. Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. On average, equities research analysts predict that Adecoagro will post 1.42 earnings per share for the current year.

About Adecoagro

Adecoagro SA is an agribusiness company that produces agricultural, dairy and renewable-energy products in South America. Its operations are primarily located in Argentina, Brazil and Uruguay, where it manages farmland and related processing facilities.

The company cultivates crops such as soybeans, corn, wheat, rice, peanuts and cotton. Adecoagro also operates dairy businesses and produces sugar, ethanol and electricity from sugarcane, with cogeneration facilities that use biomass to generate renewable power.

Founded in 2002, Adecoagro has developed an integrated model that combines farming, food processing and renewable-energy production.